On Friday, Shares of Oceaneering International, Inc. (NYSE:OII), dropped -2.65% to $54.10.
Oceaneering International, stated first quarter earnings for the period ended March 31, 2015.
On revenue of $786.8 million, Oceaneering generated net income of $69.5 million, or $0.70 per share. During the corresponding period in 2014, Oceaneering stated revenue of $840.2 million and net income of $91.2 million, or $0.84 per share.
Year over year and sequentially, quarterly earnings were down primarily as a result of lower demand and pricing for many of the services and products we offer. This was attributable to the noteworthy drop in crude oil prices since June 2014, which in turn has led to oil and gas industry reductions in both capital and operating expenditures.
Year over year, quarterly earnings reduced largely on lower Remotely Operated Vehicles (ROV) and Asset Integrity operating profit contributions, and higher interest expense as a result of indebtedness incurred during the second half of 2014. Sequentially, quarterly earnings declined on lower income from all operating business segments and higher interest expense.
Oceaneering International, Inc. provides engineered services and products primarily to the offshore oil and gas industry worldwide. The company’s Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drilling support in the oil and gas industry; and subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance, and repair services.
Shares of Wipro Ltd. (NYSE:WIT), declined -2.63% to $11.48, during its last trading session.
Wipro, declared financial results under International Financial Reporting Standards (IFRS) for its fourth quarter and year ended March 31, 2015.
Highlights of the Results
Results for the Year ended March 31, 2015:
- Total Revenues were Rupees 469.5 billion ($7.5 billion), an enhance of 8% YoY.
- Net Income was Rupees 86.5 billion ($1.4 billion), an enhance of 11% YoY.
- Wipro declared a final dividend of Rupees 7 ($0.11) per share/ADS, taking the total dividend declared for the year 2014-15 to Rupees 12 ($0.19) per share/ADS.
- IT Services Revenue was $7,081.6 million, a YoY enhance of 7.0%.
- Non-GAAP Constant Currency IT Services Revenue in dollar terms grew 8.7% to $7,190.6 million.
- IT Services Segment Revenues in Rupee terms was Rupees 440.2 billion ($7.1 billion), an enhance of 10% YoY.
- IT Services Segment Result was Rupees 97.6 billion ($1.6 billion), an enhance of 8% YoY.
- IT Services Margins for the year was 22.2%.
Wipro Limited provides information technology (IT) products and services worldwide. It operates in two segments, IT Services and IT Products. The IT Services segment offers software application development services; application maintenance services.
At the end of Friday’s trade, Shares of Goldcorp Inc. (NYSE:GG), dwindled -2.61% to $19.01.
Goldcorp, declined Friday, as some mining and related stocks fall together with the price of gold.
Gold is down, making its way towards a third weekly loss in a row, as global equities strengthen shifting interest from the safe haven metal, Reuters reports.
“People just aren’t very interested in gold at the moment. Stocks are a better bet at the moment to invest in, and bonds too, so gold is not in people’s minds,” LBBW analyst Thorsten Proettel told Reuters.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America.
Finally, Stericycle, Inc. (NASDAQ:SRCL), ended its last trade with -2.53% loss, and closed at $40.91.
Stericycle, stated financial results for the first quarter of 2015.
Revenues for the quarter ended March 31, 2015 were $663.3 million, up 16.4% from $570.0 million in the first quarter last year. Acquisitions contributed about $86.3 million to the current period’s growth in revenues. Revenues raised 20.4% contrast to the preceding period when adjusted for unfavorable foreign exchange impacts of $23.1 million.
Gross profit, stated in accordance with U.S. generally accepted accounting principles (“GAAP”), was $281.3 million, up 10.1% from $255.5 million in the first quarter last year. GAAP gross profit as a percent of revenue was 42.4% contrast with 44.8% in the first quarter of 2014. Non-GAAP gross profit, when adjusted as identified in the second of the following tables, was $281.3 million, up 9.9% from $256.0 million in the first quarter last year. Non-GAAP gross profit as a percent of revenues was 42.4% contrast to 44.9% in the first quarter of 2014.
GAAP earnings per diluted share reduced 4.4% to $0.87 from $0.91 in the first quarter of 2014. Non-GAAP earnings per diluted share, when adjusted for various items identified in the third of the following tables, raised 3.7% to $1.08 from $1.04.
Stericycle, Inc., together with its auxiliaries, provides regulated and compliance solutions to the healthcare and commercial businesses. The company collects and processes specialized waste for disposal services.
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